Category Archive: Finance, No picture
Investors Are Going To Get Scalped
We spent a delightful, long Thanksgiving weekend in the country, entertaining children and grandchildren. Not once did we open our laptop computer or look at the headlines. But now, it is another workweek, and we’re back on the job. As usual, we are looking at dots… and wondering how they got to be so goofy. […]
Futures, Yuan, Apple Tumble After Trump Says He Expects To Move Ahead With China Tariff Boost
So much for any hopes that Trump will push for a trade deal with China at any cost when he meets with the Chinese president later this week. Minutes after the market closed, the WSJ reported that with just four days to go before his summit with China’s President Xi, Donald Trump said he expects to move ahead […]
These 5 Defensive Stocks Have 100% Street Support
If you thought you were in for a calm November, you’d be wrong. We have now entered the second correction of 2018, with the tech-heavy Nasdaq Composite Index down over 5% on a one-month basis. On a three-month basis, this loss extends to almost 12%. In fact, even the relatively stable Alphabet is now posting a loss on […]
Repeating Spreads
What a difference a year makes. As 2017 finished up, the Federal Reserve was widely seen as turning “hawkish.” Inflation in the US, many believed, was about to be unleashed by a blistering labor market so tight we’ve not seen anything like it in decades. The central bank would be forced into a quickened pace […]
NZD/USD Price Outlook: Pending Bull Flag Breakout In Kiwi
The New Zealand Dollar is pulled back from fresh four-month highs against the US Dollar last week with price now targeting areas of interest for near-term price support. These are the updated targets and invalidation levels that matter on the NZD/USD charts heading into the close of the month. NZD/USD DAILY PRICE CHART Technical Outlook: In my previous NZD/USD Price Outlook we noted that, “Key […]
GM To Close 8 Plants, Lay Off Close To 15,000 Workers
Things are worse than widely thought in the auto industry. Today, GM provided the proof. GM will close 5 North America plants, another three elsewhere. GM claims it does not see a downturn but will Slash Nearly 15,000 Jobs anyway. Four factories in the U.S. and one in Canada could be shuttered by the end of 2019 […]
Want To See The Future Of Investment Advice? Visit Your Local Auto Parts Store
Old Big Red sprung a leak a while back. Many of you are familiar with Big Red, but there are a few of you who might need an introduction. Big Red is my 18-year-old Chevy Silverado 2500 HD. I realize this may not be the type of vehicle driven by the majority of bankers, money […]
Bitcoin Pattern Implies A Loss Of $3,000 On November 29th
Bitcoin is sliding once again after a failed attempt to recapture $4,000. Looking at the recent behavior BTC/USD, the next fall will be on Thursday, November 29th. Bitcoin made a recovery attempt following the news that the US state of Ohio will accept the digital currency in 23 different types of business taxes. This is a considerable mainstream […]
What Next For Crude Oil Ahead Of OPEC Meeting?
The price of crude oil has been in free fall since October. The price of Brent has dropped from a YTD high of $86 to a YTD low of $58.6. This decline has been caused by a number of factors. First, the impacts of Iran’s exit to the oil market have been limited. This is […]
US Dollar Clings Onto Gains At Start Of Key Week
The US Dollar (via the DXY Index) has started the week off on slightly firmer ground, up by less than +0.1% at the time this report was written. The return of liquidity to markets has produced cautious trading conditions as some of the pre-holiday week issues continue to linger: Brexit appears ready to go off […]
